New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,615,000
Warehouses
45 Merchants Dr Walpole, MA 02081-1799
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0488997
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,960 SF
Lot
2.27 ac (98,881 SF)
APN
WALP M:00032 B:00077 L:00000
UPID
US38-0488997
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Royer Tree Service Inc-Walpole Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
$1.98M
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$2.62M
Owner & transaction history
Lime Green LLC · 3 yrs held
Lime Green LLC
since 2022
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+148.3%
Auto repair, garage
$3.2M
+86.3%
Office building
$2.9M
+69.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Walpole submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walpole submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,725,000
ML approach
$2,730,000
CAP Approach
CAP Return
Estimation
6%
$2,145,000
6.5%
$1,980,000
7%
$1,840,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,720,000
Current use
RESTAURANT
$4,275,000
Change: +148% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,205,000
Change: +86% · Conversion: Easy
OFFICE BUILDING
$2,920,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$2,915,000
Change: +69% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,860,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,550,000
Change: +48% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,635,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$2.62M
Range $2.35M – $2.88M · ±10% · vs last sale $2.50M (Dec 16 2022)
Last sale anchor
$2.50M
Dec 16 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$263 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$15,054
Tax year 2024
Assessed value
$841,000
Assessed 2024
Previous assessed
$802,500
+4.8% YoY
Effective rate
1.79%
On assessed value
Assessed land
$420,100
Assessed improvement
$420,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
9,960 SF
Lot
2.27 ac (98,881 SF)
APN
WALP M:00032 B:00077 L:00000
UPID
US38-0488997
Jurisdiction
WALPOLE
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.7M
RESTAURANT
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.9M
RETAIL STORES
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
2.27 ac
Current owner
From public records · entity-resolved
Lime Green LLC
Entity
Mailing address
57 MCDONALD ST, DEDHAM, MA 02026-3914
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
$2,500,000
Lime Green LLC
Mallard RT
Quit Claim Arm's Length For Ne States
$1,250,000 · Dedham Institution For Savings
Dec 16, 2022
—
Lime Green LLC
—
Deed
related
$1,031,000 · South Eastern Economic Development
Jan 16, 1998
$130,000
Mallard RT
Reservoir RT
Grant Deed
—
Jul 25, 1997
—
Reservoir RT
—
Deed Of Trust
related
$40,000 · Zwi Kohorn
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 45 Merchants Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
